2022 年第一季度报告 证券代码：688517 证券简称：金冠电气 金冠电气股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 16 项目 本报告期 本报告期比上年 同期增减变动幅 度(%) 营业收入 71,128,471.40 23.61 归属于上市公司股东的净利润 2,202,423.92 23.99 归属于上市公司股东的扣除非经 常性损益的净利润 1,697,990.78 26.58 经营活动产生的现金流量净额 10,204,809.37 不适用 基本每股收益（元/股） 0.02 0.00 稀释每股收益（元/股） ...

Financial Performance - The company's operating revenue for 2021 was CNY 531,839,447.37, representing a 0.73% increase compared to CNY 527,959,266.7 in 2020[27]. - The net profit attributable to shareholders of the listed company decreased by 6.59% to CNY 69,147,206.88 in 2021 from CNY 74,028,497.47 in 2020[27]. - The net cash flow from operating activities dropped by 34.08% to CNY 16,144,883.93 in 2021, down from CNY 24,491,382.17 in 2020[27]. - The total assets increased by 23.49% to CNY 1,056,568,246.85 in 2021, compared to CNY 855,587,504.0 in 2020[27]. - The net assets attributable to shareholders of the listed company rose by 59.19% to CNY 712,553,971.18 in 2021 from CNY 447,610,753.7 in 2020[27]. - Basic earnings per share decreased by 19.94% to CNY 0.58 in 2021, down from CNY 0.73 in 2020[28]. - The diluted earnings per share also fell by 19.94% to CNY 0.58 in 2021, compared to CNY 0.73 in 2020[28]. - The basic earnings per share after deducting non-recurring gains and losses decreased by 24.76% to CNY 0.51 in 2021 from CNY 0.67 in 2020[28]. - The gross margin for the main business was 30.57%, down 4.16 percentage points from the previous year[115]. - Operating costs rose to ¥367,462,238.14, reflecting a 6.83% increase year-on-year[113]. Dividend Policy - The company plans to distribute a cash dividend of 4.20 CNY per 10 shares, totaling approximately 57.17 million CNY (including tax) based on a total share capital of 136,109,184 shares as of December 31, 2021[5]. - The company's cash dividend policy stipulates that during the mature stage without significant capital expenditure, cash dividends should account for at least 80% of profit distribution[185]. - In the mature stage with significant capital expenditure, cash dividends should account for at least 40% of profit distribution[185]. - For the growth stage with significant capital expenditure, cash dividends should account for at least 20% of profit distribution[185]. - The company must distribute at least 10% of the annual distributable profit in cash dividends over the next three years, with a cumulative minimum of 30% of the average annual distributable profit[188]. Governance and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - The board of directors has confirmed that all members attended the board meeting, ensuring governance and oversight[4]. - The company has not violated decision-making procedures for external guarantees, reflecting adherence to regulatory standards[7]. - The company has not disclosed any special arrangements for corporate governance, suggesting standard practices are in place[8]. - The company has established a robust internal control system to enhance risk management and operational compliance[142]. - The company has maintained a stable shareholding structure, with no changes in shareholdings for key personnel during the reporting period[147]. - The company has a governance structure in place that complies with the requirements for red-chip companies[145]. - The company has established a comprehensive governance structure, including a board of directors with various committees to enhance operational efficiency[197]. Research and Development - The company achieved a total of 26 patents in the development of surge arresters and resistors, and collaborated on projects that received significant awards[38]. - Research and development expenses accounted for 4.99% of operating revenue, a decrease of 0.61 percentage points compared to the previous year[32]. - The company is focused on technological innovation and the development of new products to ensure sustainable and stable growth[36]. - The company has a strong focus on R&D, with a dedicated team and partnerships with universities, enhancing its innovation capabilities in power distribution and control equipment[47]. - The company has developed a range of energy storage systems, including electrochemical storage battery systems and energy management systems, which are now in mass production[46]. - The company reported a total R&D expenditure of ¥26,547,706.58, a decrease of 10.26% compared to the previous year's ¥29,582,224.78[78]. - The company holds a total of 9 invention patents, 117 utility model patents, and 15 software copyrights as of December 31, 2021[76]. Market Position and Strategy - The company is recognized as a leading enterprise in China's lightning arrester industry, with advanced technology and a comprehensive product range covering AC and DC lightning arresters for ultra-high voltage applications[60]. - The company has a strong competitive advantage in the high-voltage lightning arrester sector, being one of the few domestic companies capable of supplying 1000kV AC and DC lightning arresters[103]. - The company is actively pursuing new technologies and products, including pressure-sensitive resistors, to serve the power industry and renewable energy sectors[45]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[157]. - The company plans to maintain its competitive advantage in the ultra-high voltage lightning arrester market while expanding into new product lines such as precision resistors and energy storage[136]. Risks and Challenges - The company has outlined potential risks in its management discussion and analysis section, advising investors to pay attention to these factors[4]. - The company faces risks from high customer concentration, with sales to major grid companies significantly impacting overall performance[105]. - The company is exposed to risks from rising raw material prices, which could impact production costs and profit margins[109]. - The domestic varistor industry is facing challenges in achieving technological parity with advanced foreign competitors, particularly in high-end production equipment[58]. Corporate Social Responsibility - The company donated 1 million yuan and delivered over 4,000 lightning arresters for disaster relief during the floods in Henan in July 2021[196]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[198]. - No administrative penalties were incurred due to environmental issues during the reporting period, indicating compliance with environmental regulations[199]. - The company has implemented internal systems for waste management, water pollution control, and air pollution management[200].

2021 年第三季度报告 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 证券代码：688517 证券简称：金冠电气 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 金冠电气股份有限公司 2021 年第三季度报告 第三季度财务报表是否经审计 □是 √否 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 上年同期增 | | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 87,098,169.64 | -25.44 | 310,962,117. ...

Financial Performance - The company reported a total revenue of 1.5 billion yuan for the first half of 2021, representing a year-on-year increase of 20%[1]. - The net profit attributable to shareholders was 300 million yuan, up 15% compared to the same period last year[1]. - The company's operating revenue for the first half of 2021 was ¥223,863,947.85, a decrease of 3.75% compared to ¥232,589,264.57 in the same period last year[20]. - The net profit attributable to shareholders was ¥26,087,851.88, down 14.40% from ¥30,475,151.01 year-on-year[20]. - The net cash flow from operating activities decreased by 84.50%, amounting to -¥57,755,563.01, primarily due to increased payments to suppliers[20]. - The company reported a total income of 1,919,948.74 with an income tax impact of -338,837.16[26]. - The company reported a net profit margin of approximately 12.53% for the first half of 2021, down from 14.00% in the same period of 2020[169]. - The total comprehensive income for the first half of 2021 was CNY 26,087,851.88, down from CNY 30,475,151.01 in the first half of 2020, highlighting a decline in overall financial performance[171]. Research and Development - The company is investing 100 million yuan in R&D for new technologies in high-voltage equipment, aiming for a 30% increase in efficiency[1]. - The total R&D investment for the period was ¥1,353.21 million, representing a 6.46% increase from ¥1,271.09 million in the previous period[43]. - The R&D investment as a percentage of operating revenue increased by 10.61% to 6.04%[21]. - The company has established a research and development model that combines independent innovation with industry-academia collaboration, enhancing its R&D capabilities[32]. - The company is committed to continuous innovation, as evidenced by its ongoing development of new materials and manufacturing processes to improve product performance[37]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[1]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's product offerings and increase market penetration[1]. - The company aims to enhance product quality and reduce production costs through standardization in the distribution network equipment sector[29]. - The company is actively involved in national key projects, including various high-voltage direct current transmission demonstration projects[31]. - The company is focusing on expanding its product line to include 500kV and below composite outer lightning arresters, which are expected to enhance market competitiveness[37]. Financial Position and Assets - The net assets attributable to shareholders increased by 49.57% to ¥669,494,616.18, mainly due to the inflow of funds from the IPO[22]. - Total assets rose by 20.57% to ¥1,031,577,190.66 compared to the end of the previous year[20]. - The company’s total assets increased by 20.57% to 1,031.58 million RMB, while total liabilities decreased by 11.25% to 362.08 million RMB, resulting in an asset-liability ratio of 35.10%[59]. - The company’s total current assets reached RMB 890.39 million, up from RMB 714.21 million, reflecting a growth of 24.7%[161]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes that could impact future performance[1]. - The company faces risks related to customer concentration, with significant sales to State Grid and Southern Grid, accounting for 68.10% of total sales in the first half of 2021[64]. - The company is addressing potential seasonal revenue fluctuations due to the project timelines of major power grid companies, which can impact income recognition[64]. Shareholder and Corporate Governance - The company will not transfer or delegate management of its shares for 36 months following the IPO[87]. - The company commits to fulfilling its obligations and will bear legal responsibilities for any violations related to share transfers[88]. - The company has established a commitment to maintain shareholder value and protect the interests of all stakeholders[90]. - The company will publicly explain any failure to fulfill the commitment of restoring immediate returns at the shareholders' meeting[106]. Environmental Compliance - The company strictly complied with environmental protection laws and regulations, with no incidents of environmental pollution reported during the reporting period[79]. - The company conducted regular inspections of wastewater, waste gas, and noise to ensure compliance with environmental protection requirements[79]. Product Development and Innovation - The company is focusing on new materials and formulations in the lightning arrester industry, emphasizing the importance of core components like resistive sheets[28]. - The company has developed proprietary core technologies that are fully applied in its products, enhancing its competitive advantage[36]. - The company has achieved a significant milestone by developing a direct current lightning arrester that meets technical specifications, with energy absorption capabilities exceeding industry standards[37].

Financial Performance - The company reported a total revenue of 1.5 billion yuan for the first half of 2021, representing a year-on-year increase of 20%[1]. - The net profit attributable to shareholders reached 300 million yuan, up 15% compared to the same period last year[1]. - The company's operating revenue for the first half of 2021 was ¥223,863,947.85, a decrease of 3.75% compared to the same period last year[20]. - The net profit attributable to shareholders was ¥26,087,851.88, down 14.40% year-on-year[20]. - The net cash flow from operating activities decreased by 84.50% to -¥57,755,563.01, primarily due to increased payments to suppliers[20]. - The company's financial performance reflects challenges in cash flow management and profitability during the reporting period[20]. - The company reported a total income of 1,919,948.74 with an income tax impact of -338,837.16[26]. - The company reported a net profit margin of approximately 10.00% for the first half of 2021, down from 12.00% in the same period of 2020[169]. - The total profit for the first half of 2021 was CNY 28,650,970.09, compared to CNY 34,690,516.75 in the same period of 2020, representing a decline of approximately 17.4%[170]. - The company reported a significant increase in financing cash flow, amounting to CNY 219,534,563.27, compared to a negative cash flow of -CNY 39,074,546.67 in the previous year[69]. Revenue Guidance and Projections - The company has set a revenue guidance of 3 billion yuan for the full year 2021, projecting a growth rate of 18%[1]. - The company aims to enhance product quality and reduce production costs through standardization in the distribution network equipment sector[29]. - The company is focusing on market expansion and new product development in the upcoming quarters to drive future growth[168]. Research and Development - Research and development expenses increased by 30% to 150 million yuan, focusing on smart grid technologies[1]. - The R&D investment as a percentage of operating revenue increased by 10.61% to 6.04%[21]. - The total R&D investment for the period was CNY 13.53 million, representing a 6.46% increase from CNY 12.71 million in the previous period[43]. - The company has a strong R&D capability, with only a few domestic manufacturers possessing similar production capabilities for resistor components[37]. - The company has established a research and development model that combines independent innovation with industry-academia collaboration[32]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[1]. - The company is actively expanding its market presence and product offerings in the ultra-high voltage transmission line sector[38]. - The company has a strong market position, being a leading bidder in the 35kV-750kV voltage level market for surge arresters[30]. - The company is involved in several key national projects, including the ±800kV "Qingyu" ultra-high voltage transmission project[31]. Sustainability and Environmental Responsibility - The company remains committed to sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[1]. - The company has not reported any environmental pollution incidents during the reporting period and complied with all relevant environmental protection laws and regulations[79]. - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[80]. - The company has a long-term commitment to environmental responsibility and sustainability practices[80]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes impacting operations[1]. - The company faces risks related to customer concentration, with sales to State Grid and Southern Grid accounting for 68.10% of total sales in the first half of 2021[64]. - The company is at risk of increased tax expenses if the high-tech enterprise tax incentives change or if it no longer qualifies for the preferential tax rate[67]. Shareholder and Governance Matters - The company has not made any profit distribution or capital reserve transfer plans for the reporting period[82]. - The company will not transfer or delegate management of shares held prior to the IPO for 36 months from the date of listing[87]. - The company commits to fulfilling its obligations and will bear legal responsibilities for any violations regarding share transfers[91]. - The company has engaged third-party institutions for its IPO process, ensuring no conflicts of interest exist with these entities[135]. Intellectual Property and Innovation - As of June 30, 2021, the company holds 9 invention patents, 88 utility model patents, 1 design patent, and 15 software copyrights, with a total of 114 intellectual properties[40]. - The company has developed proprietary core technologies that are fully applied in its products, enhancing its competitive advantage[36]. - The company is focusing on new materials and formulations for surge arresters, which is a trend in the industry[28]. Financial Position and Assets - The company's total assets rose by 20.57% to ¥1,031,577,190.66 compared to the end of the previous year[20]. - The net assets attributable to shareholders increased by 49.57% to ¥669,494,616.18, mainly due to the inflow of funds from the IPO[22]. - The company's cash and cash equivalents increased to ¥337,639,385.76 from ¥173,499,678.01, reflecting a significant rise of about 94.7%[161].